Risk Analyst at Global Technical Talent, an Inc. 5000 Company in Toronto, ON

Job description

• Risk Analyst
• Location: Toronto, ON
• Onsite Flexibility: Hybrid – 4 days in office (Anchor Day: Thursday)
• Contract Details
• Position Type: Contract
• Contract Duration: 6 months (extension possible)
• Pay Rate: C$40.00–C$50.00 / Hour (CAD)
• Shift / Schedule: Monday–Friday, core business hours; overtime as needed
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• The Market Risk and Counterparty Analytics area is part of the Client Corporate Risk Management function. Our teams are accountable for the Market Risk, Counterparty Credit Risk, and Collateral activities of the Bank's global trading activities. We support trading and non-trading business initiatives, inform an array of risk management decisions, and facilitate business through managing evolving front office needs, while ensuring appropriate capture and control of risk.
• The Counterparty Risk Analytics team is responsible for a number of activities related to the quantitative analysis of credit risk, policy implementations, and exception management across a number of trading and non-trading businesses within the Client Group.
• An Analyst within the Credit Exception Management team will be primarily focused on analysis, reporting, and monitoring of risk exposures ensuring that they are in accordance with established counterparty credit limits. The incumbent is expected to execute on infrastructure changes with regards to new or revised credit facilities.
• The role will involve close partnership and interaction with a wide range of areas, including credit risk management, global markets credit, market risk control, front office, audit, and change delivery. As a result, the successful candidate will be required to possess strong communication skills.
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Responsibilities

• Manage Counterparty Credit Risk by investigating and escalating credit excesses at the facility level.
• Generate accurate and complete processes to measure and report on exposures ensuring that all reports are submitted as per reporting guidelines.
• Ensure risks within portfolios covered are correctly measured, aggregated, and analyzed in accordance with established and approved CAIRO counterparty limits.
• Provide analysis, reporting and monitoring of risk exposures and adhere to internal standards with regards to violations and the escalation of production issues.
• Ensure that all late or missing reports and related process metrics are recorded, documented and explained appropriately.
• Propose, schedule, plan and champion projects to improve efficiencies in order to provide more effective business support.
• Execute infrastructure changes with regards to implementation of new or revised policies or processes.
• Ensure internal control processes are adequate and documented appropriately as per the governance standards including establishing appropriate review and assessment of the quality of outputs based on business standards.
• Manage operational risk (e.g., cross-training, documentation, and audit).
• Liaise closely with the Bank's front office traders, Credit Risk Management, Global Markets Credit, audit, technology groups, and other stakeholders to assist in meeting the Bank's objectives.
• Perform ad-hoc analyses of specific metrics/exposures/transactions as required by management and stakeholders.
• Maintain a good understanding of the analytical principles underlying the risk management of financial derivatives, including issues that arise regarding financial modeling of products for risk purposes.
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Requirements

• Strong knowledge of financial products (derivatives and bonds), counterparty credit risk, and Capital Markets
• Experience working with complex systems (vendor systems)
• Experience performing impact assessments, drafting requirements, and performing testing for projects
• Investigation (main focus)
• Self-starter with a high degree of initiative and the ability to learn and adapt quickly
• Sound financial acumen, specifically exceptional investigation, analytical skills and attention to detail; ability to synthesize information on complex issues and make judgment calls
• Excellent interpersonal and communication skills to communicate complex information clearly
• Strong organizational, follow-up and priority-setting skills to handle multiple tasks
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• Undergraduate degree required (ideal)
• Post-graduate degree preferred
• CFA or FRM designation preferred
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• 5–7 years of overall experience
• Relevant experience in risk management or investigation within the financial institution (FI) industry (financial services ideally)
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• Experience in Risk Management roles is a plus
• Working knowledge of technical tools (SQL/VBA/Python/Artificial Intelligence) is a plus
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Skills

Required

• Investigation (main focus)

Benefits

• 401k Retirement Fund
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